tv Senator Schumer on Tax Reform Health Care and Hurricane Relief CSPAN September 27, 2017 7:44pm-8:01pm EDT
to repeal the estate tax of lower the tax and the top rate and raise the bottom tax rate. each of these would have a massive windfall to the wealthiest americans to provide almost a relief to middle-class taxpayers to need it most. and they designed a plan and in the corporate board rooms and in that those estates worth $11 million but those middle-class families is that the president's definition and just to the
of wealthiest among us and let me tell you ended toed take away the benefits i have been trying to do the same thing on taxes. in to me it in for a rude awakening 70 percent of americans are against tax breaks for the wealthy americans this would create a huge loophole creating the hedge fund managers to funnel their income to the business entity to avoid the
top bracket and avoid a much lower rate.0 so family of 200 or 300,000 could pay 39 percent of all the hedge fund managers andgh lawyers threw a pass through paid no corporate tax and then the 25% rate of the rest. to help middle-class americans? absolutely not. and those that have the pass-through entities? absolutely. the individual top rate is up 1% to make $490,000 a year to get a tax break bad bless them. they made a lot of money
with a tax break i don't think so. by president trump really believes of his rhetoric the wealthy deserve another tax cut while at best the trump the tax plan will include a proposal to include the bottom tax rate the american people should be able to see it with this one fact and raises the of bottom rate ended this is welfare.t helping those of great wealth with more tax breaks. br.
to seek the tax break and a little more than across-the-board tax cut for millionaires and billionaires to have a lot of rich people in america i do not be grudge them they work very hard so be it. but they don't need a tax break they're doing great all the statistics show they are making more money than ever before do need to break? washington post-abc poll released just a dayns said more than seven that of 10 americans and this bill
makes it much worse one more thing to watch if the president and his republicans provide any details how they intend to pay for the massive cuts without those i suspect the republicans will turn the age-old trick to make up for the entire difference. some call that dynamic scoring and president trump calls the media outlet fake news dynamic scoring is fake math and is just made up to write another deficit busting tax cut. so those former republican treasury's who led the last successful tax reform effort
under president reagan said othr they would not let tax revenues decline because tax reform must be revenue neutral to be on their own merits. in to be revenue neutral on its own merits. and though fake math. so today and i have to say mr. president, i'm amazed class, whenever he says in half to help the middle class some have a tax increase especially in the high tax states like new york but the plan benefits the wealthy. or do the of people around
them? and the president doesn't even know what it does. added to say we have a backward.of far more than it helps the of middle-class. week yesterday's the maturity announced it wouldn't be holding a vote of the latest bill of gramm cassidy andf. every american priest a sighas of relief in the majority has vowed to visit the repeal for legislation from president trump and our republican colleagues should have learned from these failures american people do not want health care. repealed the they try to doil with a third time it is against what they want to do.hat
for those on health care m what is going on. i remind my republican colleagues to continue to threaten the peel is like it is causing great uncertainty in the health care market in died understand for political purposes but don't ever want to it mitt the repeal is off the table but diluted them they've got if you took a california off the table then coverage would go up but it would be just the opposite but i understand why they do it.
but those promises have a real human consequence. the responsibility and blameba for the rate hikes will fall squarely on republican shoulders. president trump and the republicans are in charge that will not work. my republican friends you are no longer in the minority. to help bring premiums down. in fact, there is alexander and murray a very close bipartisan agreement we hope our republican colleagues will not reject and with the
ranking member. want with that negotiation in to pick up where they want to leave off. we hope they will not just sit back and repeated the threat in repeal and watches millions of americans payer higher health care costs. so to hold the negotiations will pick up. repub or as the chairman alexander was pulled away by the t republican leadership. they're about to set their rates for the next year thate could be the difference
between the stable market. t so for the sake of the american people turning over a new leaf on health care to shore up and improve the nation's health care. finally mr. president, with puerto rico in the u.s. virgin islands hurricanes irma and react have left citizens hanging on for dear life.te . .
it does not show him using the power of his office to focus our attention on the crisis in puerto rico and the us virgin islands. it has been one week since the storm hit. and as i said his twitter feed does not show him using his power of the office. when he mentions puerto rico he presents his own efforts and implies that puerto rico is partially at fault for the devastation they are suffering. the response from the administration needs to get a whole lot better, fast! i spoke to the governor of puerto rico yesterday. he gave me specific items that would provide immediate help. i spoke about them yesterday and helped administration acts on them quickly. the most important, we need the administration to send us an emergency and interim aid package to pass.
just as we did in the wake of hurricane harvey. puerto rico and the us virgin islands should not have to wait a second longer for aid than any other american state or territory.we should take up and pass this package here in the senate. before the week is over. i yield the floor. chris tonight on c-span2. the national counterterrorism center brief senators on capitol hill. veterans affairs secretary talks about suicide prevention. and wildfires in the west are the focus of a hearing in the senate. but first, an update on a bill to help hurricane victims and reauthorized the federal aviation administration. >> jacob fischler is transportation reporter with cq roll call transportation join us from capitol hill. why is the house working to